Stockholm based mobile payments company iZettle has raised $36m in debt financing from the European Investment Bank. iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more.
It appears the valuation is staying the same with this latest round: the money, as with earlier this year, is coming in the form of debt funding and will be distributed over the next three years, the company said. It’s coming specifically from a strategy at the EIB to provide significant funding to startups to help boost the region’s tech economy, through something called the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Others that have received backing through the EIB and the Investment Plan include MariaDB, which picked up USD 27 million from the EIB earlier this year.